Singapore's Marina Bay Sands Casino

Published April 29, 2010 by OCR Editor

Singapore's Marina Bay Sands Casino

Singapore's second casino gets license in time for preview opening. We have the picture!

The Marina Bay Sands, the second of Singapore's two new casinos, has finally received its license just in time for its preview opening Tuesday.

Las Vegas Sands, which has built the new casino, received the gaming license this week from the Casino Regulatory Authority of Singapore.

On Tuesday afternoon it opened the first phase of the $5.5 billion resort, including 963 of the 2,560 hotel rooms, parts of the shopping mall and restaurants, the convention and events centers, and of course the casino.

The rest of the complex is scheduled to open on June 23.

Las Vegas Sands Corp. Chairman Sheldon Adelson said on Tuesday that his company expected to recoup its investment in the complex within five years.

The prediction means the new casino will be even more of a success than the company's Macau complex, which recouped its investment within four years but cost only around half as much to construct.

The billionaire businessman said the Marina Bay Sands will be a "grand slam home run," adding: "Asian people just love to gamble."

The opening makes Marina Bay Sands the second casino to open in Singapore this year. Genting's Resort World Sentosa opened in February.

Over in Macau meanwhile, another big name in the casino business - Steve Wynn - has realized one of his goals with the opening of Encore at Wynn Macau last Wednesday.

The new casino sits directly opposite Wynn's other casino in the Chinese territory, a copy of his two adjacent casinos in the world's other big casino city - Las Vegas.

Visit Online Casino Reports local Singapore branch for more on online casinos in Singapore.

See also

Sheldon Adelson, Billionaire Casino Mogul And GOP Mega-Donor, Dies At 87

Macau Earnings Help Vegas Sands

Gamblers Storm Singapore Casino in First Week

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